{"id":77,"date":"2012-08-30T08:00:17","date_gmt":"2012-08-30T12:00:17","guid":{"rendered":"http:\/\/www.ihatebankofamerica.com\/?p=77"},"modified":"2012-08-30T08:00:17","modified_gmt":"2012-08-30T12:00:17","slug":"youre-not-using-your-points-so-were-taking-them-back","status":"publish","type":"post","link":"https:\/\/ihatebankofamerica.com\/?p=77","title":{"rendered":"You&#8217;re Not Using Your Points, So We&#8217;re Taking Them Back"},"content":{"rendered":"<p>First, let me address the issue of why I never use my personal Visa card&#8230;because it is sponsored by Bank of America. They offer points for rewards, but the cash rewards are horrible. If you want 1% cash back, you have to spend $30,000. Meanwhile, Discover offers you 1% cash back for only spending $5000, <strong>and<\/strong>, if you get a Starbucks gift card, they give you 1.1% back.<\/p>\n<p>Now, I have two business Visa credit cards &#8211; one for each of my businesses. Each one individually takes a while to spend $30,000, but combined, they get to $30,000 rather quickly. So, I routinely transfer my points from the business Visa cards to my personal Visa and then redeem the points for cash from my personal Visa. (Of course, since it&#8217;s Bank of America, they only let you transfer them in blocks of 2,500 points&#8230;how convenient for them.)<\/p>\n<p>One day they decided to introduce an expiration date for transferred points, but failed to notify me. I went to redeem 35,000 points for $350. However, the Bank of America website crashed on me. I didn&#8217;t get a chance to try again until a few days later&#8230;the beginning of the next month. All of a sudden, I found 15,000 points (equivalent of $150) missing from my account. When I called them up, they told me, &#8220;Oh, they expired.&#8221;<\/p>\n<p>After several days of phone calls, amounting to about 6 hours of my life wasted, they offered me a consolation of $120 for the expired points. Unfortunately they wouldn&#8217;t offer me the points back, which mean that the remaining 20,000 points could only be redeemed for $160.<\/p>\n<p>Essentially, Bank of America cheated me out of $70 that was never theirs to begin with along with 6 hours of my life. If I tried to fight them on the issue, 10,000 more points were going to expire at the end of the next cycle.<\/p>\n<p>And they wonder why I don&#8217;t like to use my Bank of America credit cards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>First, let me address the issue of why I never use my personal Visa card&#8230;because it is sponsored by Bank of America. They offer points for rewards, but the cash rewards are horrible. If you want 1% cash back, you have to spend $30,000. Meanwhile, Discover offers you 1% cash back for only spending $5000, &hellip; <a href=\"https:\/\/ihatebankofamerica.com\/?p=77\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;You&#8217;re Not Using Your Points, So We&#8217;re Taking Them Back&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=\/wp\/v2\/posts\/77"}],"collection":[{"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77"}],"version-history":[{"count":0,"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=\/wp\/v2\/posts\/77\/revisions"}],"wp:attachment":[{"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ihatebankofamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}